News

RBI has officially removed Paytm Payments Bank Limited from the Second Schedule of the RBI Act, 1934, following the cancellation of its banking licence and liquidation proceedings.

RBI Announces Exclusion of Paytm Payments Bank Limited from Second Schedule of RBI Act, 1934

Income Tax Department searches Prime Focus offices ahead of Ramayana release, reportedly over foreign remittances, while the company’s shares fall sharply.

Income Tax Department Conducts Searches at Prime Focus Offices Over Reported Foreign Remittances Ahead of Much-Awaited Ramayana Release

Judgement

ITAT holds that suspicion regarding a buyer’s alleged accommodation entries cannot by itself establish that the assessee’s recorded sales were unexplained income.

ITAT Remands Rs 1.80 Crore Tax Dispute, Says Buyer’s Alleged Accommodation Entries Cannot Alone Trigger Section 68 Addition

The ITAT Ahmedabad grants one more opportunity to assessee despite six earlier non-compliances.

ITAT Remits Rs.49.55 Lakh Agricultural Income Addition to CIT(A) 

The ED searched 20 locations across Kerala in three cooperative society fraud cases involving alleged fake loans, depositor fraud and illegal property transfers.

ED Conducts Searches at 20 Locations Across Kerala in Three Cooperative Society Fraud Cases Involving Alleged Fake Loans and Illegal Property Transfers

The ITAT Ahmedabad held failure to furnish books and supporting details justifies fresh examination of abnormal loss and increase in salary.


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RBI Announces Exclusion of Paytm Payments Bank Limited from Second Schedule of RBI Act, 1934

Income Tax Department Conducts Searches at Prime Focus Offices Over Reported Foreign Remittances Ahead of Much-Awaited Ramayana Release

ITAT Remands Rs 1.80 Crore Tax Dispute, Says Buyer’s Alleged Accommodation Entries Cannot Alone Trigger Section 68 Addition

ITAT Remits Rs.49.55 Lakh Agricultural Income Addition to CIT(A)

ED Conducts Searches at 20 Locations Across Kerala in Three Cooperative Society Fraud Cases Involving Alleged Fake Loans and Illegal Property Transfers

ITAT Remits Profit Estimation and Salary Disallowance Matter for Fresh Adjudication